FOMC minutes: Fed more confident that the downturn is ending - but the board was uncertain over the pace of a recovery that is vulnerable to shocks or reversal. Expects inflation to be subdued, and slowed its debt purchases to promote smooth market transition. [View news story]
"slowed its debt purchases to promote market transition"?
No, it slowed its debt purchases because they were no longer NEEDED now that there are finally other bidders!
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"slowed its debt purchases to promote market transition"?
Sep 02 14:21 pm
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All Comments by HiSpeed »FOMC minutes: Fed more confident that the downturn is ending - but the board was uncertain over the pace of a recovery that is vulnerable to shocks or reversal. Expects inflation to be subdued, and slowed its debt purchases to promote smooth market transition. [View news story]
No, it slowed its debt purchases because they were no longer NEEDED now that there are finally other bidders!